| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $28M | $26M | -8.3% | -1.1% |
| Op. Income | -$21M | -$17M | -$29M | -21.3% | 27.1% |
| Gross Margin | 44.0% | 49.2% | 36.0% | -5.2pp | 8.0pp |
| Net Margin | -82.8% | -61.6% | -114.7% | -21.2pp | 32.0pp |
| EPS (Diluted) | $-0.27 | $-0.22 | $-0.37 | -22.7% | 27.0% |
| Free Cash Flow | -$12M | -$10M | -$26M | -21.1% | 52.4% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $11M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | $4M |
| Operating Expenses | $32M |
| Cost & Expenses | $47M |
| OPERATING INCOME | -$21M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $225.0K |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $50.0K |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $4M |
| EBIT | -$18M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $391.0K |
| Other Non-Cash Items | $131.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$905.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$49M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | -$833.0K |
| Common Stock Repurchased | -$399.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $68.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $80M |
| Short-Term Investments | $49M |
| Net Receivables | $17M |
| Inventory | $22M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $171M |
| PP&E (Net) | $56M |
| Goodwill | $106M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $169M |
| TOTAL ASSETS | $339M |
| Account Payables | $7M |
| Short-Term Debt | $5M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $52M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $312M |
| TOTAL NON-CURRENT LIABILITIES | $419M |
| TOTAL LIABILITIES | $471M |
| Common Stock | $82.0K |
| Additional Paid-In Capital | $857M |
| Retained Earnings | -$981M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$132M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$132M |
| TOTAL LIABILITIES & EQUITY | $339M |
| Total Debt | $100M |
| Net Debt | $20M |
